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hjlf
1 year ago
11

Pam works for a corporation that recently fired three top managers who were caught using the company credit cards to lavishly fu

rnish their offices and even purchase "office" furniture that was found in their personal homes. Which method of maintaining an ethical culture is Pam's company pursuing
Business
2 answers:
jeka57 [31]1 year ago
7 0

Answer:

D) visibly punish unethical acts

Explanation:

Ethics is the act of knowing what ia right and doing same. That is a good ethical act.

The ethical culture practised by Pam's company is to visibly punish unethical acts. This entails punishing any unethical act appropriately before others to see it.

This approach is really good because it will make others to sit up bearing in mind that they will get same punishment without hesitation if they err.

Pam's organization firing the three managers caught using the company's resources to fund their personal lifestyle pointed towards applying visible punishment for unethical acts.

kenny6666 [7]1 year ago
4 0

Answer: Visibly punish unethical behavior

Explanation: Organizations may take different approach in a bid to promote ethical culture and ensure employees do what is right and do not stray from moral and organizational values. When unethical behavior is followed up with a frank and stringent response by the hierarchy in such a manner that could serve as deterrent to others within the organization.

Firing top officials will send a strong warning to all that the organization does not condone or possess zero tolerance towards unethical acts within the organization.

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The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations.
trasher [3.6K]

Answer:

Journal Entries are given below

Explanation:

June 12, 2021  

Provide services to customers on account of $41,000.

                                    DEBIT        CREDIT

Receivable account    $41,000

Services Revenue                          $41,000

September 17, 2021

Receive $25,000 from customers on account.

                                     DEBIT        CREDIT

Cash                           $25,000

Receivable                                    $25,000

December 31, 2021

Estimate that 45% of accounts receivable at the end of the year will not be received.

                                                  DEBIT        CREDIT

Bad debt($16,000x45%)           $7,200

Allowance for doubtful debt                       $7,200

March 4, 2022

Provide services to customers on account for $56,000

                                    DEBIT        CREDIT

Receivable account    $56,000

Services Revenue                          $56,000

May 20, 2022

Receive $10,000 from customers for services provided in 2021.

                                     DEBIT        CREDIT

Cash                          $10,000

Receivable                                     $10,000

July 2, 2022

Write of the remaining amounts owed from services provided in 2021.

Working: $41,000 - $25,000 - $10,000 = $6,000

                                                               DEBIT        CREDIT

Allowance for doubtful debt               $6,000

Account Receivable                                                 $6,000

October 19, 2022

Receive $ 45,000 from customers for services provided in 2022.

                                   DEBIT        CREDIT

Cash                           $45,000

Receivable                                    $45,000

December 31, 2022

Estimate that 45% of accounts receivable at the end of the year will not be received.

                                          DEBIT        CREDIT

Bad debt (w)                       $3,750

Allowance for bad debt                     $3,750

Working:

($56,000 - $45,000) x45% = $4,950

Balance in Allowance account at 31 dec 2021  = 7,200

Bad debt written off                                             = 6,000

Remaining balance                                              = 1,200

Allowance for doubtful debt at 31 dec 2022 = $4,950 - $1,200

Allowance for doubtful debt at 31 dec 2022 = $3,750

5 0
2 years ago
Lightfoot Company sells its product for $55 per unit and has variable costs of $30 per unit. Total fixed costs are $25,000. Supp
soldi70 [24.7K]

Answer:

The Break-even point in units will increase by 250 units.

Explanation:

Giving the following information:

Fixed costs= $25,000

Selling price= $55

Unitary varaible cost= $30

<u>First, we need to calculate the current break-even point in units:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 25,000 / 25

Break-even point in units= 1,000

<u>Now, the new Break-even point in units:</u>

Break-even point in units= 25,000 / (55 - 35)

Break-even point in units= 1,250

The Break-even point in units will increase by 250 units.

7 0
1 year ago
Iron triangles have given way to _____ over the years. intergovernmental lobbying issue networks reverse lobbying iron squares
monitta
Iron triangles have given way to INTER-GOVERNMENTAL LOBBYING over the years.

Iron triangles refer to a mutual relationship between three three groups or organizations such as government agencies, interest groups and legislative committees (law makers). It is a policy making relationship in the United States politics. 
8 0
2 years ago
Clothes Unlimited is a company that integrates agility into their supply chains. The company employs regular small-batch deliver
jasenka [17]

Answer:

d. They coordinate dosely with suppliers and service providers to reduce customer wait times.

Explanation:

Companies that use agile style of operations focus on incremental delivery of service, continual planning, team collaboration, and continuous learning.

This gives the company the ability of responding quickly to market changes by coordinating closely with suppliers and service providers to reduce customer wait times.

Clothes Unlimited is an example of an agile company that integrates agility into their supply chains. The company employs regular small-batch deliveries to all of its stores twice a week and uses real-time data to assess customer preferences

3 0
1 year ago
Read 2 more answers
Consider the P/E ratios of the following companies: Company A: 7.4 Company B: 11.3 Company C: 14.8 Company D: 9.1 Among these fo
matrenka [14]

Answer:

highest relative value highest dollar

Explanation:

The price to earning ratio is a financial metric used to value a company. it compares the price of a stock to the earnings of the stock. the higher the metric is, the higher the valuation of the firm

price to earning ratio (P / E) = market value per share / earnings

The higher the P/E, the higher the relative value of the firm relative to other firms. This is because investors are confident about the prospects of growth of the firm and are willing to pay a higher price for the stock of the company

Types of P/E ratio

1. trailing p/e - it is calculated by dividing current share price by the earnings per share for the past 12 months

2. forward p/e - it is calculated by dividing current share price by the estimated per share earnings for the next 12 months

5 0
1 year ago
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